Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) has amended its advance notice by-law to remove the maximum 65-day deadline for shareholder director nominations, effective immediately. The move follows a recommendation by Institutional Shareholder Services Inc. (ISS) that shareholders vote against confirming the by-law as originally written. The amended by-law retains the existing 30-day minimum notice requirement and will be put to shareholders for ratification at the company's annual and special meeting on November 18, 2026. Investors may be watching closely given the by-law's direct implications for shareholder rights in the director nomination process.

Key Points

  • Revival Gold Inc. (TSXV: RVG / OTCQX: RVLGF) is a Toronto-headquartered gold mine developer focused on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho.
  • The company has amended its advance notice by-law to remove the maximum 65-day advance nomination period following ISS's objection.
  • The 30-day minimum notice requirement remains in place; the amendment is effective immediately and requires majority shareholder approval at the November 18, 2026 meeting to remain in force.
  • Investors should watch whether shareholders confirm the amended by-law at the upcoming annual and special meeting.

ISS Recommendation Triggers Revival Gold By-Law Review

The amendment was prompted by a voting recommendation from Institutional Shareholder Services Inc., a prominent proxy advisory firm, which advised shareholders to vote against confirming the advance notice by-law. ISS expressed concern that the by-law's maximum 65-day notice window for director nominations placed an undue restriction on shareholder rights. The original by-law required that nomination notices be submitted no fewer than 30 days and no more than 65 days before an annual meeting. Revival Gold's board moved promptly to address the advisory firm's objection ahead of the November 18, 2026 shareholder meeting.

Key Change: Maximum Notice Period Removed, Minimum Retained

Under the amended advance notice by-law, the 65-day upper limit on nomination submissions has been eliminated entirely, while the 30-day minimum requirement remains unchanged. The company states that no other changes were made to the by-law. Revival Gold's board indicated the amendment is intended to offer shareholders greater flexibility when submitting director nominations, while still preserving what the board describes as an orderly and transparent nomination process. The amended by-law took effect immediately upon adoption.

Shareholder Ratification Required at November 18 Annual Meeting

Pursuant to the Canada Business Corporations Act, the amended by-law will cease to be effective unless it is approved, ratified, and confirmed by a majority of votes cast at the November 18, 2026 annual and special meeting. Revival Gold confirmed that management proxy holders intend to vote in favour of the resolution to confirm the amended by-law, except where proxies carry specific instructions to the contrary. Shareholders are encouraged by the company to review the management information circular in connection with the meeting before casting their votes.